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If I were to sum it up, I would say that there are three main reasons why Tribe Capital's Evan Park is bullish on DePIN. Use cases, sustainability, and of course revenue potential.

Tribe has supported a few DePINs including Wynd Networks ( Beyond the Grass Company), Wingbits and Akash flight tracking project.

When looking at DePIN projects, the biggest question Park asks is whether or not the project “solves a problem where real demand can be generated.”

Specifically, when Park is shown, he is skeptical when a project shows him revenue numbers that don't necessarily come from the core network.

I asked him what makes him call bullshit on the DePIN offer, and he told me: “It's important to differentiate between revenues in cryptocurrencies, but also in DePIN.” He wants to know where the revenue mainly comes from. Are users also auditors? Are people contributing “to the network and their data, is that the thing that generates revenue?”

It also closely monitors organic growth and gets a check on potential demand.

But the good team and established "Deep in Space" are a huge green signal for Park. If this sounds familiar to you, it's probably because VanEck Ventures' Whit Lonergan told us he's also paying close attention to venture teams last month.

“It's a more important consideration in DePIN than in any other sector. But you also have domain expertise, or you have advisors and team members who have domain expertise in your industry, bridging that with native crypto expertise,” he noted. To have one without the other.

There's your scoop for today.

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